Thursday, March 6, 2014

[Secretary of State, John ] Kerry, wallowing in his arrogance, hubris, and evil, has issued direct
threats to Russia. The Russian foreign minister has dismissed Kerry’s
threats as “unacceptable.” The stage is set for war. - Paul Craig Roberts

Before I elaborate on the above a quote with a few salient passages from PCR's brilliant analysis and commentary on the situation in Ukraine, I want to clarify for anyone reading this that the U.S. has funded and militarily supported a political regime in western Ukraine that has ingrained political and military roots with Hitler's Nazi Party. This is an undisputable fact. If you decide to fall for the Orwellian rhetoric flooding all of the U.S. news outlets, you are doing so out of complete ignorance of the facts.

Kerry has no answer to the question: “Since when does the United States
government genuinely subscribe and defend the concept of sovereignty
and territorial integrity?”

In working with Dr. Roberts on several collaborative articles about the U.S. Government's long term and massive intervention in the gold market, I have come to appreciate the deep insight and understanding he has for what is really happening behind "the curtain" in DC. His ability to communicate and elucidate this reality is nothing short of brilliant.

Washington wants missile bases in Ukraine in order to degrade Russia’s
nuclear deterrent, thus reducing Russia’s ability to resist US hegemony.
Only three countries stand in the way of Washington’s hegemony over
the world, Russia, China, and Iran.

His latest article on the truth about what is happening in Ukraine and why the U.S. has fomented political and civil chaos over there is a must-read for anyone who seeks the truth.

Everyone needs to understand that Washington is lying about Ukraine just
as Washington lied about Saddam Hussein and weapons of mass destruction
in Iraq, just as Washington lied about Iranian nukes, just as
Washington lied about Syrian president Assad using chemical weapons,
just as Washington lied about Afghanistan, Libya, NSA spying, torture.
What hasn’t Washington lied about?

If you are confused about the facts, please educate yourself with this article from geopolitical and economic analyst, William Engdahal: The [U.S.] Rape of Ukraine

Keep in mind that throughout history, the most definitive sign that a great Empire is in the latter stages of collapse is wantonly corrupted and reckless imperialism - of which we've seen many examples since Bush and Obama took office.

21 comments:

I'm not worried where the price of gold is going. I just hope that we all don't get vaporized by these mindless fucks that are running this insane agenda. Thanks for linking Dr. Roberts article, he is truly a guy who calls it as he see's it.

All of which poses the much bigger question of what’s leading what? Is it the S&P 500 leading Vix futures or are Vix futures now pushing around the S&P 500?

The big question, which is still up for debate, is whether this activity and the pop­ularity of the futures market is then recycling into the underlying VIX because now, increasingly, VIX futures and options are becoming even more popular than some of the classic hedging or classic option strategies.

In a separate note he expands on the point as follows:

What if everyone, including the end user, would rather collect premiums than buy protection? With more sellers than buyers premiums will not offset the risk and theoretically many of the participants will eventually go bust. This is exactly what is happening in volatility markets today, and the result could be disastrous. The market has figured out that aggressively fading volatility spikes has been a profitable trade during the QEIII regime and now this has become dominant paradigm. Traders are aggressively betting for the VIX to drop after each mini-crisis, this is now the dominant trade, not the other way around. Nobody is a true contrarian for betting on a lower VIX. Today the true contrarian play is crisis alpha.

The really striking thing, consequently, is that for the first time ever there are more sellers than buyers of volatility ETPs.

It boggles the mind that people can't see the obvious deception being perpetrated by the U.S. I suppose there are various 'red lines' in people's heads - places people are unable to go, for fear of upsetting their personal dogmas. To think that the Russians might be in the right, and that we are the terrorists is just too much for old line patriotic Americans. I think this psychological phenomena needs attention and discussion, because one can point to all kinds of evidence without making any headway with people who suffer from such cognitive dissonance. They don't want to know, so it doesn't matter what evidence you present.

Anyways, for those trying to convey these truths, it's helpful to understand how people deceive themselves willingly. They are shit scared inside and they use denial to suppress the awareness. This kind of lifestyle behavior can lead to all kinds of illnesses, and unhealthy personality traits.

It is helpful for me to understand such inner processes so I don't get too mad at these nincompoops!

I only hope that the situation regarding Ukraine does not reach the point where the world is once again on the brink of nuclear annihilation, as was the case during the Cuban Missile Crisis of 1962 (why is it that whenever a Democrat occupies the Oval Office, this kind of insane idiocy threatens to rear its ugly head?). I'm no fan of Putin, but let us hope he displays more sagacity and restraint than our Nobel Peace Prize winner and JFK wannabe currently occupying the Presidency (no, Barry, you are no JFK, and I'm not certain if that's a good thing or a bad thing). Vasili Arkhipov, where are you?

Because you and 90% of the population have been led to believe the Democrats are the " Party of the people " when in fact they are nothing but war mongering Nazis wrapped in red, white and blue propaganda. I actually find all this to be entertaining Americans are finally starting to see the light of both these corrupt parties and the sooner the better.

Keep a sharp eye on Connecticut the pot is boiling over there. Google Connecticut Gun confiscation standoff and you will see whats happening, most are clueless to whats happening.

I love 1/2 of PCR typical analysis - the part where he rips U.S. policy. However, in all the KWN interviews I've ever heard him give, he has nary of word of criticism for the policy/agenda of other nations. Hmmm...

China is loading up on gold. This is good/smart for them. But what of their bullying foreign policy?What of their ridiculously corrupt local govt/real estate market? Their disastrous environmental situation? Their lack of non coal domestic energy sources, relative to the US's diverse energy assets? The fact that they are still extremely dependent on exporting to an economically declining West?

IMO, every player at this currency poker game can win a hand here and there. Will China win simply because it may have more gold at some point in the game? Despite the multitude of achilles heels it currently has?

The USA maybe way off track, but this does not by default put other nation's course on track.

The neo-Nazi militants who de facto seized power in a coup are backed/funded by the USA. These are the same militants suspected of committing mass murder a couple days ago – their snipers shooting civilian protestors and military/police alike – and then tried to blame it on the former government.

Video: http://www.youtube.com/watch?v=ZEgJ0oo3OA8 (10 min; discussion about snipers starts at 8.15 mark)“However the most striking thing of all is the fact which concerns the use of force during the revolution, particularly the snipers who killed both protesters and officers of the riot police. Mr. Paet reveals astonishing information which confirms the rumours that the snipers were employed by the leaders of Maidan [the US backed and funded group].”

History rhymes. In the 1930’s Hitler’s Nazi Party got financial support from American financiers – like Brown Bros. Harriman (Bush’s grandfather).

With Ukrainians living in the Crimea region voting to join Russia, the West calling for sanctions (well some of the West), boots still on the ground, and markets apparently of the belief that all is well in the world once again, we thought the Russian perspective on the next steps was useful...

Boots on the ground. major global crisis with Obama forced to add large US troops to help the europeans defend the ukraine. The public will be "shocked" that he declared it. I have warn people that this is coming. well, it's one way to open the job market by sending people off to die in a war. But, if we decide to do this, it's going to be a very long war - not some 10+ years of reckless imperialism. There will only be more spending to keep the war efforts going. We won't be able to just pull out the troops like we do with all theses small wars. The enemy this time can fight back and will go for blood.

Russian officials are pushing for the International Monetary Fund to move ahead with planned reforms without the United States, which could mean the loss of the U.S. veto over major decisions at the global lender, sources said.http://www.reuters.com/article/2014/03/06/us-imf-reforms-idUSBREA251IN20140306

Plosser, a noted hawk at the Federal Open Market Committee, expressed concerns over the unwinding of the central bank's asset purchases. The Fed has undergone three stages of quantitative easing (QE) since the finical crash of 2008 in an effort to increase liquidity and stimulate lending.

"I am very worried about the potential for unintended consequences of all this action. And it's very difficult for us to know because we've never done this before," Plosser said, adding that the curbing of this extra liquidity in the global economy would be "very challenging".

"Sometimes if you don't have Plan B, you don't have a plan," he warned.

Central banks across the world have followed the Fed's lead by injecting more cash into the system, with the Bank of England and the Bank of Japan both embarking on QE with benchmark interest rates at record lows.

According to Wikipedia, Manafort is an American lobbyist and political consultant. A former adviser to the presidential campaigns of George W. Bush, Bob Dole, George H.W. Bush, Ronald Reagan, and Gerald Ford, he is a senior partner in the firm Davis, Manafort and Freedman.

DMF does not appear to have a web page. According to SourceWatch, DMF is a Registered Foreign Agent for "Federal Republic of Nigeria".

William Engdahal did an hour long podcast on the Corbett Report last week. Well worth the listen. He's very much in tune with what is really going on in the Ukraine as is PCR. I wonder how many people knew the protesters were bussed in and paid to protest. Anyone that relies on the MSM presstitutes for their news certainly wouldn't know that

Red lines , green shoots , black swans...WTF ! When are these supposed leaders going to pull their heads out of their asses and stop envisioning all of the colors created by the gasses up their asses!!!?? How about some straight forward common sense...something we seemed to have lost in Washington years ago !!

Astonishingly, US Secretary of State John Kerry said today: “You just don’t invade another country on phony pretext in order to assert your interests,” John Kerry said during an interview with NBC’s Meet the Press. “This is an act of aggression that is completely trumped-up in terms of its pretext. It’s really 19th century behaviour in the 21st century.”

Before that, Kerry barked in a roundtable interview with reporters saying, “I don’t think there should be any doubt whatsoever that any kind of military intervention that would violate the sovereign territorial integrity of Ukraine would be a huge — a grave — mistake”.

Sound familiar? Kerry echoed the same hollow bluff in the run-up to war with Syria only 6 months ago.

It might as well be a neoconservative foreign policy war hawk talking, as arrogant and ill-informed as ever. Maybe it is. So a new level of hypocrisy has finally been achieved. Thank you Kerry for clarifying that.

Perhaps over-excited by all of his tough-talk at Russia now, Kerry has either suffered grave memory loss, or has been in a mental coma for the last 50 years. Is he unable to recall the dozens of incidents of violent US intervention around the globe during his own lifetime? More than likely, he’s doing a little pre-campaigning for his 2016 dummy Presidential run. Either way, it’s an unforgivable statement coming from someone who is meant to be the lead US diplomat.

According to the iskra-news.info last night ,Ukrainian gold reserves (40 sealed boxes) were loaded on an unidentified transport aircraft in Kiev’s Borispol airport. The board took off immediately.

A source in the Ukrainian government confirmed that the transfer of the gold reserves of Ukraine to the United States was ordered by the acting PM Arseny Yatsenyuk.

So my guess is, that is if indeed this report is true it either means the new ruling elite have stolen the gold bullion or perhaps their is a legitimate fear of the Russians taking possession of this bullion, whatever the facts, it still looks very shady indeed.

Conclusion

Official narrative: gold bullion is going to USA (maybe to reassure the Germans their gold is in safe hands, after all the despite numerous requests from the German Govt The Feds have not given access for them to even view their Gold Bullion) . Real narrative: probably to Switzerland where it is divided between Yulia Tymoshenko and her cronies.

Eric Arthur Blair aka George Orwell

"Hope" is not a valid investment strategy

Full Time Jobs Over Last 5 Years

Is Your Gold Missing?

Why Gold?

Gold is the world's oldest currency. You exchange your fiat currency (dollars, euros, yen, yuan) into gold as an insurance policy against catastrophic Central Bank and Government policies which serve to destroy the value of fiat currencies and destroy democracy.

Gold can ONLY be considered an investment to the extent that it remains significantly and historically undervalued in relation to the fiat currencies against which its value is measured. Otherwise it remains the world's oldest currency and is completely free from the counterparty risk associated with currency by Government fiat (i.e. fiat currencies rely on a Government's "full faith and credit.")

Epic Quote - "Jesse" Sent This To Me

"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title." - Anonymous

The Basic Fundamental Problem

What's the solution?

“THERE IS NO MEANS OF AVOIDING THE FINAL COLLAPSE OF A BOOM BROUGHT ABOUT BY CREDIT EXPANSION. THE ALTERNATIVE IS ONLY WHETHER THE CRISIS SHOULD COME SOONER AS THE RESULT OF A VOLUNTARY ABANDONMENT OF FURTHER CREDIT EXPANSION OR LATER AS A FINAL AND TOTAL CATASTROPHE OF THE CURRENCY SYSTEM INVOLVED.”

Ludwig von Mises – Austrian Economist (1881- 1973)

Quote Of The Month Courtesy of "Jesse"

Unfortunately for Larry Summers, Ben Bernanke, and their friends at the BIS, they have not yet figured out how to print physical gold, silver, and other essential commodities, and the world is reaching the point where it might simply start ignoring the New York based markets with respect to essential commodities such as basic materials, oil, foodstuffs, and the like, as they become increasingly irrelevant, fraudulent, and Orwellian. And then where will the financial engineers be, except with no more excuses and no place to hide?

Great Quote From Jim Rogers On Govt CPI Reporting

JR: I mean, we have inflation now. If you go to the shop, whether it’s groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US. Some countries lie, many countries don’t: Australia, China, India and Norway. Many countries don’t lie about it and acknowledge that we have inflation. Others lie about it, the UK and the US, but if you go shopping you know prices are up.

Q: Are you saying that the American Consumer Price Index (CPI) published by the US Bureau of Labor Statistics is a lie? JR: In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades. When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home prices started going down, they counted it. It’s the same with many things. It’s staggering some of the tortuous reasoning that the BLS has used over the past 25 or 30 years. When the price of gasoline goes up, they say it’s not really going up because it’s better gasoline, better quality, therefore you’re getting more for your money. I mean, it’s endless, the stuff that they say and for some reason people sit there, although more and more people are catching on, and accept what the government says.

Priceless Quote From Richard Russell

On Larry Summers: This doofus practically ruined Harvard when he headed it. I can't think of a worse choice to be chief economic advisor. I wouldn't trust Summers to manage a Starbucks franchise.

Quote of the Week

"The primary function of a Central Bank is to engage in the massive transfer of wealth from the middle class to the wealthy elite. The Federal Reserve was set up to do this with the blessing and support of Congress." - Dave in Denver

If you refuse to believe the above, please read "The Creature From Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin and then explain to me why the Senate voted down the Vitter Amendment and Congress refuses to pass a law requiring a full audit of the Fed, even though the Fed is using taxpayer-backed money to bailout Wall Street and Europe.

Quote of the Month

And very relevant in the context of yesterday's post about gold moving higher against all fiat currencies:

Just imagine what would happen if a mere ten percent of the money currently going into bonds were instead to go into gold. As in 1972, the real move has yet to begin.

- Murray Pollit, Pollit & Co.

A Picture Says It All...

www.moneyandmarkets.com

Golden ore samples produced by Eurasian Minerals

Undisclosed exploration site

The Next Reserve Currency?

1 oz. Chinese Panda

Guess who said this?

Rising prices of precious metals and other commodities are an indication of a very early stage of an endeavor to move away from paper currencies...What is fascinating is the extent to which gold still holds reign over the financial system as the ultimate source of payment.

-Alan Greenspan, 9 Sep 2009

THIS is what REAL money looks like

1 oz. Gold Eagles

Alan Greenspan said what?

“Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”

From "Gold and Economic Freedom" a 1966 Essay by Alan Greenspan

About Me

I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for a large bank. I have an MBA from the University of Chicago, with a concentration in accounting and finance.
Currently I co-manage a precious metals and mining stock investment fund in Denver.
My goal is to help people understand and analyze what is really going on in our financial system and economy.